The US treasury will auction off $58 billion of 3 year notes at the top of the hour. The auction results will be compared to 6 month average of the major components to determine if the auction is supported by investors or not.
- Bid to cover: 2.58X
- Tail -0.0 bps
- Dealers 13.8%
- Directs 23.9%
- Indirects 62.4%
This article was written by Greg Michalowski at investinglive.com.
